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    HISTORY OF PRIVATIZATION IN KENYA Liam - Rawlings

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    Divyen Bid
    This document discusses the history of privatization in Kenya. It notes that from independence in 1963 until the late 1970s, Kenya pursued a mixed economy with both public and private sectors. However, in the early 1980s the government realized that state-owned enterprises were not achieving their objectives and had accumulated large debts. In 1992, Kenya launched a public enterprise reform program that restructured 33 strategic companies to remain state-owned and privatized 207 non-strategic companies through methods such as share offerings, leases, and management contracts.

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    HISTORY OF PRIVATIZATION IN KENYA Liam - Rawlings

    Uploaded by

    Divyen Bid
    24 views3 pages
    This document discusses the history of privatization in Kenya. It notes that from independence in 1963 until the late 1970s, Kenya pursued a mixed economy with both public and private sectors. However, in the early 1980s the government realized that state-owned enterprises were not achieving their objectives and had accumulated large debts. In 1992, Kenya launched a public enterprise reform program that restructured 33 strategic companies to remain state-owned and privatized 207 non-strategic companies through methods such as share offerings, leases, and management contracts.

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    4. HISTORY OF PRIVATIZATION IN KENYA Liam -Rawlings

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    This document discusses the history of privatization in Kenya. It notes that from independence in 1963 until the late 1970s, Kenya pursued a mixed economy with both public and private sectors. However, in the early 1980s the government realized that state-owned enterprises were not achieving their objectives and had accumulated large debts. In 1992, Kenya launched a public enterprise reform program that restructured 33 strategic companies to remain state-owned and privatized 207 non-strategic companies through methods such as share offerings, leases, and management contracts.

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    © All Rights Reserved
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    24 views3 pages

    HISTORY OF PRIVATIZATION IN KENYA Liam - Rawlings

    Uploaded by

    Divyen Bid
    This document discusses the history of privatization in Kenya. It notes that from independence in 1963 until the late 1970s, Kenya pursued a mixed economy with both public and private sectors. However, in the early 1980s the government realized that state-owned enterprises were not achieving their objectives and had accumulated large debts. In 1992, Kenya launched a public enterprise reform program that restructured 33 strategic companies to remain state-owned and privatized 207 non-strategic companies through methods such as share offerings, leases, and management contracts.

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    of 3

    19/11/2022

    HISTORY OF
    PRIVATIZATION
    IN KENYA
    Liam M Njoroge
    &
    Rawlings Nzomo

    What is Privatization?
    • Privatization occurs when a government-owned business,
    operation, or property becomes owned by a private, non-
    government party
    • Examples of privatized companies in Kenya Safaricom, Telkom,
    Mumia’s

    1
    19/11/2022

    History of Privatization In Kenya


    • From independence in 1963 up to the late 1970s, the Kenya
    Government pursued a Policy of mixed economy where the private
    sector and the public sector were allowed to exist side by side.
    • By early 1980s however, the Kenya Government had realized that
    these State Owned Enterprises (SOE's) were not achieving their
    primary objectives. A number of them had accumulated huge
    debts/losses and depended on the Treasury for financial survival.

    • In June 1982 the Government appointed a Working Party on


    Government expenditure chaired by Mr. Philip Ndegwa whose report
    revealed that the Government was directing a lot of its budgetary
    resources to support commercial activities and to provide services at
    subsidized rates
    • The current Public Enterprise Reform and Privatization program
    started in July 1992, Under the Parastatals Reform and Privatization
    Program the government listed 33 strategic parastatals to be
    restructured and retained in the public domain and 207 nonstrategic
    parastatals to be privatized

    2
    19/11/2022

    • Some method’s being used for privatization in Kenya today are ;


    1. public offering of shares
    2. leases
    3. management contracts
    4. other forms of public-private partnerships
    5. negotiated sales
    6. sale of assets, including liquidation and receivership

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